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| Technical Outlook For Usd-Jpy 13-8-2015 |
Usd/Jpy pair moved yesterday in the average price movement of 149 Pips, it recorded the highest level at 125.27 and the lowest levels at 123.78 levels and closed at 124.19 to Lose 89 pips According to yesterday’s economic data.
The pair opened today at 1242.19 oscillatory between the 124.10 and the 124.56 levels during the Asian session in a trading average of 46 pips for the limitation of the market liquidity.
The pair is trading in down corrective waves after breaking the trend line.
We saw the pair achieved our target at 124.12
It is expected that the pair Usd against the Jpy will go to targeted level at 124.00 in the next few hours.
And the Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market
Medium term trend: down
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